Zero Hedge (blog) – Barclays Quant Commentary: Worst Returns Environment For Disciplined Stock Pickers In 60 Years We present another great review of market dynamics from the eyes of a quant, this time coming yet again Barclays’ Matt Rothman. With Risk On, Risk Off the dominant regime since QE2 speculation, and likely to last into… Continue reading Stock Picking Is A Dead Art Form
The Wall Street Journal – Farm Belt Bounces Back Corn, Soybean, Cotton Prices Advance as Asian Demand Lifts U.S. Heartland Major agricultural commodities continued their extended run-up in price, underscoring how much of America’s farm belt is booming even as the overall economy continues to struggle. Contracts for the delivery of corn and soybeans into… Continue reading Commodities
The Financial Times – Google to map inflation using web data Google is using its vast database of web shopping data to construct the ‘Google Price Index’ – a daily measure of inflation that could one day provide an alternative to official statistics. The work by Google’s chief economist, Hal Varian, highlights how economic data… Continue reading Move Over CPI, Make Way For The Google Price Index
The Wall Street Journal – Dow Makes ‘Golden Cross’ Past 11000 Ryan Detrick, senior technical strategist at Schaeffer’s Investment Research, sees two positive developments on the technical front. The Dow recently made a “golden cross” where the 50-day moving average crossed above the 200-day moving average, which is seen as bullish for the index. Also,… Continue reading The Golden Cross
MarketBeat (WSJ Blog) – Know Your Fed Heads: Here’s the Hawk-O-Meter The speechifying of Federal Reserve presidents and governors are usually only of middling interest even to the most ardent Fed geeks. But in recent weeks the markets have tuned in to FedSpeakers, as they blared a pretty clear message: QE2 is on the way.… Continue reading Federal Reserve Officials
Bloomberg.com – Options Show No Black Swan in Emerging Markets as Stocks Surge The smallest stock price swings and fastest economic growth in three years are convincing options traders that developing-nation equities are safer than ever relative to U.S. shares. The MSCI Emerging Markets Index’s historic volatility, a gauge of price swings during the past… Continue reading There Is No Fear In This Market
The Wall Street Journal – Wall Street Pay: A Record $144 Billion Financial Overhaul Has Affected Structure but Not Level; Revenue-to-Compensation Ratio Pay on Wall Street is on pace to break a record high for a second consecutive year, according to a study conducted by The Wall Street Journal. About three dozen of the top… Continue reading Wall Street Bonuses
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The Wall Street Journal – Allan H Meltzer: The Fed Compounds Its Mistakes Talk of increasing inflation to reduce unemployment is dangerous and unnecessary. The Federal Reserve seems determined to make mistakes. First it started rumors that it would resume Treasury bond purchases, with the amount as high as $1 trillion. It seems all but… Continue reading The Federal Reserve and QE
The Independent (UK) – Stephen King: China baulks at sharing the West’s post-party hangover The US may soon switch on its monetary printing press to churn out more dollars, benefiting its exporters even as other nations lose out America’s current account deficit has to be funded by someone. Each year, the US needs loans from… Continue reading Currency Wars
The Wall Street Journal – Banks Lose Their Post as Drivers of Rally No Longer Driving Divergence with Indexes Spurs Debate Over Truism: As Financials Go, So Goes the Market Amid the stock market’s gains in the third quarter, one notable group was left behind: financial companies. After years in which financial stocks drove the… Continue reading Financial Stocks
Bloomberg.com – Grant Says Quantitative Easing Is Just Money Printing James Grant, editor of Grant’s Interest Rate Observer, and Neal Soss, chief economist at Credit Suisse Holdings USA Inc., talk about the outlook for Federal Reserve monetary policy, the labor market and the dollar. They speak with Tom Keene on Bloomberg Television’s “Surveillance Midday.”